Analysis Of Differences In The Upgrading Of Financial Support Industry Structure Of Jiangsu,Zhejiang And Anhui

This paper uses input-output technology and DEA efficiency analysis to study the differences in the upgrading of financial support industry structure in three provinces of Jiangsu,Zhejiang and Anhui.The study found that compared with the two provinces of Jiangsu and Zhejiang,the economic development and industrial structure of Anhui are relatively backward,and the support of financial products to the industry has not reached the support level of two provinces in Jiangsu and Zhejiang.The main problems in the study are the following aspects:1.Anhui province's support for financial investment in R&D expenditure is too low,which directly leads to the low pure technology efficiency of financial industry to all sectors,especially high technology manufacturing industry.The specific usage of financial products in Anhui province is quite different from that in Jiangsu and Zhejiang.The expenditure on R&D is limited,which directly limits the innovation power of the province,resulting in the low efficiency of input and output of financial products in various sectors.2.The investment of financial products to the pillar industry is too low.The upgrading of Anhui's industrial structure is more dependent on the non-pillar industries,and the investment in the pillar industries with strong economic strength is too small.This phenomenon is not conducive to stabilizing the economic development of the province.The two provinces in Jiangsu and Zhejiang provinces are more invested in scientific research on the basis of the pillar industry.On the basis of stabilizing the economic development,the industrial transformation and upgrading are carried out.3.The investment in the high-tech manufacturing industry which has a strong role in the financial industry is less and the investment is unstable.On the basis of less investment in R&D expenditure of financial products,if we continue to reduce investment in high-tech manufacturing industry,it will be more harmful to technological innovation in our province,which is not conducive to the development of strategic emerging industries.4.The investment of financial products is too decentralization.Under the premise of finding the relative advantages,the two provinces of Jiangsu and Zhejiang have been moving steadily,and the investment is on the rise,and the structural optimization and upgrading are steadily promoted.Compared with the two provinces of Jiangsu and Zhejiang,the economic development orientation of Anhui is relatively unclear,and the investment scope of the financial industry is too scattered.In the case of weak economic base and financial foundation,the effect of financial aggregation can't be formed.Due to the reason,the financial products in Anhui province have the following deficiencies in the process of supporting industry upgrading:1.The economic base is weak,the economy is underdeveloped,and the investment of financial products is relatively small.2.Because of low economic openness,the enterprises are mostly state-owned enterprises,and the development of private economy is very inactive.3.The number of the introduction of financial institutions is less,the competitive environment of the financial industry is poor,and the financing difficulties of the regular channels of the enterprises are difficult.4.The development of private finance in the market is lagging behind,and the strength of small loan companies is thin.5.In Jiangsu and Zhejiang,banking industry chain finance is more developed,financial support for industrial chain is deeper and more detailed.6.Policy support needs to be further strengthened.Taking Jiangsu Province as an example,the financial support,the government of Jiangsu province to provide the high salary,transfer of funds,the adjustment of taxes,improve the financial system and the full range of substantive support.Not only support the traditional pillar industry but also help the strategic new industry,and give consideration to the development of all industries in an all-round way.In order to improve the economic development of the financial industry,Anhui needs to strengthen the investment in the R&D expenditure of the financial industry products.Stabilizing the support of the traditional industry and stabilizing the economic growth.To the high-tech manufacturing industry and the strategic new industry,we should lock in the comparative advantage,the accurate positioning and the continuous investment.The proportion of direct financing should be strengthened and a variety of direct financing channels are widened.Guiding the differential development of banks and perfecting the financing guarantee system.This article has a certain significance for Anhui province to learn from experience of Jiangsu and Zhejiang provinces.Adjust financial investment and promote the upgrading of industrial structure.At the same time,through this article,the relatively backward areas can also learn from the experience of Jiangsu and Zhejiang and promote the industrial transformation and upgrading through financial development.